Archive | Value Analysis

Value Analysis: Meaning, Types and Procedure

In this article we will discuss about Value Analysis:- 1. Meaning of Value Analysis 2. Types of Value Analysis 3. Procedure 4. Advantages. Meaning of Value Analysis: Value analysis is one of the newer scientific aids to managerial decision-making. It comprises a group of techniques aimed at the systematic identification of unnecessary costs in a […]

Top 12 Techniques of Value Analysis

The following points highlight the top twelve techniques of value analysis. The techniques are: 1. Work in Specifics 2. Obtain All Available Costs 3. Seek Information from the most Authentic Source 4. Evaluate Function by Comparison 5. Discuss with Specialists and take Advantage of their Expertise Knowledge 6. Use Real Creativity 7. Consult your Suppliers […]

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